Rawani:
North-west and North-central, with well-watered stretches of land area, account for 90 per cent of crop production; South-south, with access to coastal oil and gas deposits, accounts for 91.5 per cent of oil production; South-west, with the historic ports of Lagos and lucrative land borders, account for 60 per cent of trading and commercial activities, and North-central and South-south combine to contribute another 30 per cent of this. The remaining two regions, the semi-arid North-east with immense metal ores, and the landlocked South-east with immense coal deposits, are marginalised from the existing growth processes.

The South-west gross regional output grew the most in 2012 with an absolute nominal increase of N1.4 trillion (or 21.8% nominal growth), followed by the North-west with N1 trillion (16.38%), and North-central with N800 billion (14.27%). These are to be compared to regional output increases of N123 billion (10.89%) in the South-east and N100 billion (8.19%) in the North-east. Owing to a slight dip in oil price in 2012 after growing impressively in the preceding three years, oil-dominated South-south recorded a slight decline of about N268.9 billion (-1.69%) in regional output in 2012.

Omexonomy: Peson don see sonthing.
If and if a region or state refuse to grow who are we to hold responsible?

whatlyf:

South-south ----had the largest gross regional product, N15.65 trillion (38.6% of Nigeria’s GDP)

North-west’s N8.4 trillion (20.65%)

South-west’s N8.2 trillion (20.26%)

North-central’s N5.7 trillion (15%) (I supposed this is NE)

South-east’s N1.4 trillion (3.27%)

North-central’s N1.2 (3.11%)

Rawani:

Yet they say the North contributes nothing to the economy when in actual fact, it is the SE that is parasitic to Nigeria and other regions in particular.

whatlyf: It's very pathetic. That the SS is contributing the Highest to the Nations coffers is an open secret but how much is going to the common man in the creeks? As an Ijaw this is what I find to be most embarrassing.

whatlyf: It's very pathetic. That the SS is contributing the Highest to the Nations coffers is an open secret but how much is going to the common man in the creeks? As an Ijaw this is what I find to be most embarrassing.

Arch1: This is also my sentiment. I sympathise with the Niger Delta people, thier region contribute immensely to the national coffers but liitle is done for them in return. This is one of the reasons why i long for regionalism and resource control

What has Jonathan done for his Niger delta people?

whatlyf:
South-south ----had the largest gross regional product, N15.65 trillion (38.6% of Nigeria’s GDP)

North-west’s N8.4 trillion (20.65%)

South-west’s N8.2 trillion (20.26%)

North-central’s N5.7 trillion (15%) (I supposed this is NE or NC)

South-east’s N1.4 trillion (3.27%)

North-central’s N1.2 (3.11%) (NE or NC)

MOBJECTIVE: Some people sef. Expecting miracles from a region hardly larger than Oyo State.

Example of how not having regional output in the trillions (for now) is irrelevant to standard of living

Luxembourg ("richest" country in the world)
Total gdp ($42.225 billion)

Europe (continent of luxembourg and wealthiest of the world)
Total gdp ($32.7trillion)

Gdp contribution of luxemborg: 0.13%

Tell me. Does this make luxemborg a parasitic state?
or is it the problem of Illiterate Nigerians picturing gdp as national cake since 1967? The economy of the south east is large enough for its population. It is not a parasite "eating" any share of the "cake" meant for other Nigerians, meanwhile, it enjoys standards of living on par with the SW and SS, yet this economy is not fueled by raw materials extraction. Where illiterates see a parasite, investors will see potential.

whatlyf: This doesn't make sense

MOBJECTIVE:

Normally people say: "i don't understand."

whatlyf: This doesn't make sense

ak47mann: parasites have lost control of power in the union and they know it even the oil they enjoy in one nigeria comes from so call curse land i pity these ungrateful people and i blame some eastern minorities that brought this problem to us,now leeches and parasites have benefited from the another man resources more than the owners

PapaBrowne:


These figures are totally wrong and have zero basis. How did the author come up with these discombobulated stats?

From reliable agencies, Lagos state alone has an estimated GDP of $80 billion which equates to 13 Trillion. But this reports arrogates 8.2 trillion to the whole of the South West.

The assumed total GDP OF Nigeria from these fake stats is (15.65 + 8.4 + 8.2 + 5.7 + 1.4 +1.2)= Approximately 24 Trillion Naira. In Dollars, that is 130 Billion Dollars. The last time Nigeria's GDP measured 130 Billion Dollars was in the early 2000's when oil was still selling at $25 per barrel.

Nigeria's GDP stands around $510 BILLION which is equivalent to over 85 Trillion Naira. These figures are fake.

They are most likely presented for political purposes most likely sponsored by the north west ruling class to create an impression that they contribute immensely to the economy versus the South east.And that the only reason the South South has such figures is the oil it possesses. The North West consists of Kano, Kaduna, Katsina, Sokoto, Kebbi, Jigawa, Zamfara. Minus Kano and Kaduna, the rest are empty arid zones many of which dont have up to 10 banks serving the whole state. Banks follow GDP and that's why they have their highest concentration in Lagos, Abuja and PH. The last I checked, CBN released figures indicating that a majority of all cash transactions happen in Lagos, PH, Abuja, Aba and Onitsha.
The long and short of it all is that these are fake figures with political undertones. Its pathetic that people still resort to these kinds of misinformation to further their parochial interests.

IGBOSON1:

^^^The place that produces the goose that lays the golden egg cannot even boast of any showing in the top 10 richest Nigerians (both crooked and legitimate)! Rather, the list is populated by the very same people that whispered in their ears, suggesting that they've come to liberate them from the 'greedy' Igbos who are only interested in cornering their wealth! Today we now know with the benefit of hindsight just exactly who the greedy, grasping, exploiters are!

So much for being smart!

basilo101: Sm parts of abia are closer to d sea dan portharcourt. I dnt understand y only SE is called landlocked while dey r closest 2 d sea afta SW and SS

ujoinme: Instead of speculating can some one check figures from The CBN, Ministry of finance, Bureau of statistics and put out actual figures of with data and quoted sources.
We must learn to back our information with data and verifiable sources!

I have learnt to always crosscheck/ cross reference most news items published by the Nigerian press as they do not do due diligence in checking their figures, most of them are very lazy and just publish press releases without fact checking.

MayorofLagos:


Tbis is not new knowledge...we have analyzed, crosschecked and came to same onclusion eacb time this issue of revjonal economic disadvantage is dis ussed.

MayorofLagos: Im going to restrain myself from commenting on tbis most important topic of the century.

SE has spent all its money putting up modern roofs to give an aerial impression to visitors flying in to the region. The impression fade off the moment visitors land and have to wade through flooded tarmac and terminals at the international airport. seaport.